A share price of Centene Corp [CNC] is currently trading at $57.81, down -2.30%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CNC shares have gain 1.94% over the last week, with a monthly amount glided 0.61%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, UBS upgraded its rating to Buy on December 13, 2024, and elevated its price target to $80. On December 10, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $52 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $69 on July 24, 2024. Robert W. Baird initiated its recommendation with a Neutral and recommended $83 as its price target on May 30, 2024. Stephens downgraded its rating to Equal-Weight for this stock on March 21, 2024, and downed its price target to $85. In a note dated March 06, 2024, Barclays initiated an Overweight rating and provided a target price of $101 on this stock.
Centene Corp experienced fluctuations in its stock price throughout the past year between $55.03 and $81.42. Currently, Wall Street analysts expect the stock to reach $81.5 within the next 12 months. Centene Corp [NYSE: CNC] shares were valued at $57.81 at the most recent close of the market. An investor can expect a potential return of 40.98% based on the average CNC price forecast.
Analyzing the CNC fundamentals
Trailing Twelve Months sales for Centene Corp [NYSE:CNC] were 161.73B which represents 10.46% growth. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.11 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 56.84 points at the first support level, and at 55.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.29, and for the 2nd resistance point, it is at 60.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Centene Corp [NYSE:CNC] is 1.10. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 10.03.
Transactions by insiders
Recent insider trading involved Dallas H James, Director, that happened on Dec 16 ’24 when 1693.0 shares were purchased. Director, BLUME JESSICA L. completed a deal on Dec 16 ’24 to buy 250.0 shares. Meanwhile, Director COUGHLIN CHRISTOPHER J bought 10000.0 shares on Dec 16 ’24.
